Fossil Group, Inc. Reports Third Quarter Fiscal Year 2016 Results

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Go back to Fossil Group, Inc. Reports Third Quarter Fiscal Year 2016 Results

Jefferies Cuts Price Target on Fossil Group (FOSL) to $24

November 4, 2016 9:13 AM EDT

Jefferies maintained a Hold rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $24.00 (from $29.00), following the company's 3Q earnings report.

Analyst Randal Konik commented, "While 3Q beat, it marked another overall challenging quarter. Improvement in watch revs is encouraging,... More

Fossil (FOSL) PT, Estimates Cut at Mizuho Following More Weak Results

November 4, 2016 7:09 AM EDT

Mizuho Securities analyst Betty Chen cut estimates and lowered her price target on Fossil (NASDAQ: FOSL) to $25.00 (from $29.00) following weak results and outlook. The firm maintained a Neutral rating.

Chen commented, "We are lowering our estimates and PT to $25 (from $29) on a lower... More

Cowen Cuts Price Target on Fossil Group (FOSL) to $25 as Core Watch Business Remains Weak

November 4, 2016 6:51 AM EDT

Cowen maintained a Market Perform rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $25.00 (from $30.00), following the company's 3Q earnings report. On the call, management highlighted that initial demand for the new Michael Kors ACCESS line has exceeded expectations. The... More

Fossil Group (FOSL) Tops Q3 EPS by 5c; Slashes Outlook

November 3, 2016 4:05 PM EDT

Fossil Group (NASDAQ: FOSL) reported Q3 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $738 million versus the consensus estimate of $739.12 million.

GUIDANCE:

Fossil Group sees Q4 2016 EPS of $0.69-$1.19, versus the consensus of... More